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After finishing at $7.78 in the prior trading day, Ouster Inc (NYSE: OUST) closed at $8.01, up 2.96%. In other words, the price has increased by $2.96 from its previous closing price. On the day, 2.18 million shares were traded. OUST stock price reached its highest trading level at $8.2 during the session, while it also had its lowest trading level at $7.64.
Ratios:
Our goal is to gain a better understanding of OUST by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.14 and its Current Ratio is at 3.40. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.35.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Cantor Fitzgerald on May 22, 2024, Downgraded its rating to Neutral and sets its target price to $13 from $8 previously.
Chardan Capital Markets Upgraded its Neutral to Buy on July 14, 2023, while the target price for the stock was maintained at $10.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 16 ’24 when Heystee Susan bought 6,400 shares for $7.83 per share.
SPENCER DARIEN sold 248 shares of OUST for $2,696 on Jun 18 ’24. The Chief Operating Officer now owns 309,719 shares after completing the transaction at $10.87 per share. On Jun 13 ’24, another insider, BOULET VIRGINIA, who serves as the Director of the company, bought 10,000 shares for $10.30 each. As a result, the insider paid 102,969 and bolstered with 163,089 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OUST now has a Market Capitalization of 387125728 and an Enterprise Value of 270356640. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.89 while its Price-to-Book (P/B) ratio in mrq is 2.21. Its current Enterprise Value per Revenue stands at 2.715 whereas that against EBITDA is -4.648.
Stock Price History:
Over the past 52 weeks, OUST has reached a high of $16.88, while it has fallen to a 52-week low of $3.67. The 50-Day Moving Average of the stock is -30.96%, while the 200-Day Moving Average is calculated to be -1.58%.
Shares Statistics:
The stock has traded on average 1.22M shares per day over the past 3-months and 1768450 shares per day over the last 10 days, according to various share statistics. A total of 43.26M shares are outstanding, with a floating share count of 27.80M. Insiders hold about 42.48% of the company’s shares, while institutions hold 36.66% stake in the company. Shares short for OUST as of 1722384000 were 5577849 with a Short Ratio of 4.58, compared to 1719532800 on 3707210. Therefore, it implies a Short% of Shares Outstanding of 5577849 and a Short% of Float of 12.97.
